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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of JNJ
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Johnson & Johnson stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 02, 2024)

Sell candidate since May 02, 2024 PDF

The Johnson & Johnson stock price fell by -0.83% on the last day (Thursday, 2nd May 2024) from $151.18 to $149.92. During the last trading day the stock fluctuated 2.14% from a day low at $149.14 to a day high of $152.33. The price has been going up and down for this period, and there has been a 2.87% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 8 million shares were bought and sold for approximately $1.24 billion.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.27% during the next 3 months and, with a 90% probability hold a price between $129.99 and $141.74 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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JNJ Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.79%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Johnson & Johnson stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $151.78. On a fall, the stock will find some support from the short-term average at $147.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Johnson & Johnson stock

Johnson & Johnson finds support from accumulated volume at $149.56 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.19 between high and low, or 2.14%. For the last week the stock has had daily average volatility of 1.66%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (JNJ) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Johnson & Johnson to open at $150.46, and during the day (based on 14 day Average True Range), to move between $147.25 and $152.59, which gives a possible trading interval of +/-$2.67 (+/-1.78%) up or down from last closing price. If Johnson & Johnson takes out the full calculated possible swing range there will be an estimated 3.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $149.56 (0.24%) than the resistance at $151.18 (0.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Johnson & Johnson stock A Buy?

Johnson & Johnson holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.787 Sell Candidate Downgraded

Predicted Opening Price for Johnson & Johnson of Friday, May 3, 2024

Fair opening price May 3, 2024 Current price
$150.46 ( 0.362%) $149.92

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for JNJ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 153.65 2.49 %
R2 152.43 1.68 %
R1 151.68 1.18 %
Current price: 149.92
Support S1 149.24 -0.450 %
S2 148.49 -0.95 %
S3 147.27 -1.77 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 161.38 7.64 %
R2 158.06 5.43 %
R1 151.18 0.84 %
Current price 149.92
Support S1 149.56 -0.240%
S2 146.82 -2.07%
S3 144.45 -3.65%

JNJ Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 20, 2024 May 20, 2024 Jun 04, 2024 $1.24 0.83%
2 Jan 02, 2024 Feb 16, 2024 Mar 05, 2024 $1.19 0.744%
3 Oct 19, 2023 Nov 20, 2023 Dec 05, 2023 $1.19 0.751%
4 Jul 20, 2023 Aug 25, 2023 Sep 07, 2023 $1.19 0.744%
5 Apr 18, 2023 May 22, 2023 Sep 07, 2023 $1.19 0.744%

FAQ

What is the symbol for Johnson & Johnson Stock and on which exchange is it traded?
The symbol for Johnson & Johnson is JNJ and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Johnson & Johnson Stock?
Johnson & Johnson holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Johnson & Johnson Stock?
Johnson & Johnson Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Johnson & Johnson Stock.

What's the current price of Johnson & Johnson Stock?
As of the end of day on the May 02, 2024, the price of an Johnson & Johnson (JNJ) share was $149.92.

What is the 52-week high and low for Johnson & Johnson Stock?
The 52-week high for Johnson & Johnson Stock is $175.96 and the 52-week low is $143.13.

What is the market capitalization of Johnson & Johnson Stock?
As of the May 02, 2024, the market capitalization of Johnson & Johnson is 361.274B.

When is the next earnings date for Johnson & Johnson?
The upcoming earnings date for Johnson & Johnson is Jul 18, 2024.
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About Johnson & Johnson

Johnson & Johnson Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the healthcare field worldwide. The company's Consumer Health segment offers baby care products under the JOHNSON'S and AVEENO Baby brands; oral care products under the LISTERINE brand; skin health/beauty products under the AVEENO, CLEAN & CLEAR, DR. CI:LABO, NEUTROGENA, and OGX brands; TYLENOL acetaminophen products; SUDAFED co... JNJ Profile

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